{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-039537","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.190196+00:00","generated_at":"2026-06-04T04:48:52.350491+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MSP Recovery extends Virage debt maturity to Sep 2025, amends Nomura note to $30M","bullets":["Third Virage MTA Amendment extends VRM Full Return maturity to September 30, 2025, subject to acceleration triggers.","25% of net proceeds from Standby Equity Purchase Agreement with YA II PN used to pay down VRM Full Return after YA note repayment.","Company agreed to sell reserved shares of John H. Ruiz and Frank C. Quesada and deliver net cash proceeds to VRM.","Nomura Amended and Restated Promissory Note increased principal to approximately $30M and extended maturity to September 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-039537","json":"https://secwatch.observer/filing/0000950170-24-039537.json","markdown":"https://secwatch.observer/filing/0000950170-24-039537.md","text":"https://secwatch.observer/filing/0000950170-24-039537.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/lifw-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:48:52.350491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54d60270896946cfbf9ce7f99a972d7d5563f0b1","claim":"MSP Recovery, Inc. amended debt with MSP Recovery, Inc. and Virage Capital Management, LP and Virage Recovery Master, LP maturing September 30, 2025.","evidence_excerpt":"On April 1, 2024, the Company entered into the MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement (”Third Virage MTA Amendment“), which: (i) extended the VRM Full Return (as defined in the MTA) maturity date to September 30, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Counterparty","value":"MSP Recovery, Inc. and Virage Capital Management, LP and Virage Recovery Master, LP"},{"label":"Maturity","value":"September 30, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"673332aa2c4cd76e46b2402880bd73f576c99d34","claim":"MSP Recovery, Inc. incurred loan of approximately $30.0 million with Nomura Securities International, Inc. maturing September 30, 2025.","evidence_excerpt":"On March 26, 2024, the Company further amended and restated the Nomura Note (the ”A&R Note“) to: (i) increase the principal amount to approximately $30.0 million, and (ii) extend the maturity date to September 30, 2025.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"approximately $30.0 million"},{"label":"Counterparty","value":"Nomura Securities International, Inc."},{"label":"Maturity","value":"September 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"66be461499f493bb58ba97010c43a9347e8d058b","claim":"MSP Recovery, Inc. amended A&R Note with Nomura Securities International, Inc. valued at approximately $30.0 million (effective 2024-03-26).","evidence_excerpt":"On March 26, 2024, the Company further amended and restated the Nomura Note (the \"A&R Note\") to: (i) increase the principal amount to approximately $30.0 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Nomura Securities International, Inc."},{"label":"Value","value":"approximately $30.0 million"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"},{"claim_id":"defb520a4968b7ba026d3473f16200cbfbe04985","claim":"MSP Recovery, Inc. amended MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement with Virage Capital Management, LP and Virage Recovery Master, LP (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, the Company entered into the MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement (\"Third Virage MTA Amendment\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Virage Capital Management, LP and Virage Recovery Master, LP"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}